Lexington Dental
Lexington Dental Associates
Padula Brothers
Padula Brothers
Personal Care Physicians
Personal Care Physicians, LLC
Hunters Grill, Grafton, MA
Hunter's Grill
Feldman Land Surveyors
Feldman Land Surveyors

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98% of businesses in New England
meet the basic eligibility requirements for SBA 504 financing.


Learn everything you need to know about this unique financing program.


Review loan guidelines and use our online tools to check eligibility.


See the current and historical debenture rates.

Loans to Small Businesses

Total Project Financing

Jobs Created

What’s the deal?
Borrowers can obtain up to 90% financing, with up to 40% from Bay Colony at a 20-year below market fixed rate and 50% from the participating lender at a conventional market rate.
Who can borrow?
Almost all types of businesses are eligible. Review the general eligibility guidelines to see if you are eligible.
What can the money be used for?
Acquisition, improvement or new construction of fixed assets including owner occupied commercial real estate as well as equipment with a useful economic life of 10 years or more can be financed by a 504 loan. Almost all soft costs can be included.
How large (or small) could the project size be?
Our portion of the total project cost cannot be lower than $25,000. While there is no maximum limit on the total project costs, Bay Colony can lend up to $5 million ($5.5 million in certain cases).
Why Bay Colony?
As a leading provider of SBA 504 financing since 1981, we are one of the nation’s oldest and most experienced Certified Development Companies. Client satisfaction is the cornerstone of our values.
Where is financing available?
We serve businesses in all of Massachusetts, New Hampshire, Rhode Island, and Vermont, and in several counties in Connecticut.See More

Recently Funded Projects

Loans Funded July 2018

Loans funded in July 2018 ranged from $129,000 to $2,046,000 and provided assistance to businesses located in Jamaica Plain, Sandwich, Methuen, Brookline, Fall River, Waltham, Framingham, Kingston, Leominster, Georgetown, MA and Newport, RI. The projects will contribute to the creation of 28 Jobs.

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Loans Funded June 2018

Loans funded in June 2018 ranged from $103,000 to $712,000 and provided assistance to business located in Norton and Ipswich, MA as well as Providence, RI. The projects will contribute to the creation of 6 Jobs.

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Loans Funded May 2018

Loans funded in May 2018 ranged from $216,000 to $862,000 and provided assistance to business located in Pittsfield, Marlboro, Lowell, Chelmsford, Dartmouth and Stoughton, MA as well as Newport, North Kingstown and Cranston, RI. The projects will contribute to the creation of 69 Jobs.

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